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in the Chemical Traders account. MacArthur paid the following
Resyn discounts and commissions to Chemical Traders:
Date Amount
Nov. 15, 1966 $2,272.49
Dec. 20, 1966 2,200.84
Feb. 18, 1967 1,963.97
Apr. 17, 1967 1,853.45
Apr. 17, 1967 1,770.47
Jun. 28, 1967 1,578.98
Sep. 22, 1967 5,298.71
Jan. 26, 1968 5,427.29
Mar. 8, 1968 6,120.16
Jul. 15, 1968 3,399.72
Jul. 15, 1968 2,771.75
Jul. 31, 1968 2,673.42
Sep. 13, 1968 5,006.10
Nov. 8, 1968 3,708.10
Dec. 10, 1968 4,222.20
May 23, 1969 8,373.73
Oct. 24, 1969 8,296.35
5. Spencer-Kellogg and Atlas Paint
Resyn bought linseed oil from Spencer-Kellogg Co. (Spencer-
Kellogg) in 1967 and 1968. Resyn paid Spencer-Kellogg for the
oil. Spencer shipped the oil to Atlas. Chemical Traders billed
and was paid by Atlas for the linseed oil. As a result, Resyn
paid for the linseed oil but did not receive it, and Chemical
Traders sold it to Atlas without paying for it.
6. Petitioner's Use of Funds in the Chemical Traders
Account
Petitioner wrote checks to cash from the Chemical Traders
account totaling: $160,824 in 1965, $160,541 in 1966, $256,000
in 1967, $69,500 in 1968, $53,850 in 1969, and $19,500 in 1970.
He endorsed all but two of those checks (dated June 28, 1965, for
$1,625; and June 1, 1967, for $1,000). The camp attended by
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